Patrick Fleury - 02 Jan 2026 Form 4 Insider Report for TERAWULF INC. (WULF)

Role: Chief Financial Officer
Signature: /s/ Patrick Fleury
Issuer symbol: WULF
Transactions as of: 02 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 02 Jan 2026, 21:32:19 UTC
Previous filing: 01 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Fleury Patrick	Chief Financial Officer	C/O TERAWULF INC., 9 FEDERAL STREET, EASTON	/s/ Patrick Fleury	02 Jan 2026	0001652256

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WULF	Restricted Stock Units	Award	$0	+2,616,431		$0.000000	2,616,431	02 Jan 2026	Common stock, $0.001 par value per share	2,616,431		Direct	F1, F2
transaction	WULF	Performance-Based Restricted Stock Units	Award	$0	+1,308,216		$0.000000	1,308,216	02 Jan 2026	Common stock, $0.001 par value per share	1,308,216		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, $0.001 par value per share ("Common Stock").
F2	One-third (1/3rd) of the restricted stock units shall vest upon each of the first three anniversaries of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.
F3	Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4	The performance stock units will vest in accordance with their terms upon the achievement of specified performance goals between the grant date and the third anniversary of January 2, 2026, subject to the Reporting Person's continued employment or service with the Issuer through each such date.